Products
This page will be featuring products that are applicable to Forex traders and can contribute to more successful trading. We will add and change the items on this page as we research the market and find solutions that may interest Forex traders and have potential to improve their success in trading.
Forex Tester 2
Real-life Forex Experience for Building Strong Trading Skills
Forex Tester is a computer simulator of the FOREX market. It allows the user to practice trading and test out different trading strategies against the historical market data, rather than risk real money. The simulator gives total control over the testing process. The user can select the testing speed, make a pause, track history forward by bars, or roll it back if the activities result into a loss, enter new parameters and retest the strategy.
The FOREX simulator has a built-in library of indicators and oscillators that will help the trader to decide when to enter or exit a trade. For example, there are indicators, such as Ishimoku, Relative Strength Index, MACD, Stochastic, and Bollinger Bands. The library is regularly updated with new indicators, plus users can create their own custom indicators using Forex Tester API and samples of how to create custom indicators in the help system. There is also a library of drawing tools, traders can use to track their actions with ease. The user can paint different graphic shapes on the charts, including vertical, horizontal, trend lines, rays, poly lines, Fibonacci tools and snap their control points to bars on the graph. Shapes can be deleted, copied, or edited to change color and style. Forex Tester is designed for all traders, including beginners who are just taking the first steps into the world of FOREX and professionals who want to hone their trading skills.
Developing a trading strategy that brings profit is one of the most difficult things to do. While a live FOREX demo account can help in this process, practicing in real time is too long and complex. For example, if the trading system allows trading every day only at 9 AM, the user will have to sit at the computer every day at 9 o’clock during a month or even more. To make matters worse, the Internet connection can go dead, or the user can oversleep the trading time – this all has impact on the final results. Forex Tester reduces learning from weeks to minutes and allows the trader to test strategies uninterruptedly. Unlike similar software, Forex Tester brings precise, realistic results, letting the beginning trader gain true FOREX experience and prepare to trade on the real market. To achieve more precision, the program handles swaps, spreads, margins and other market parameters. You can see the results of testing as profit diagrams, including balance, margin, equity and drawdown. Besides, Forex Tester has no restrictions on the number of currencies, or timeframes to be used for testing, which is inacceptable for multicurrency testing. The program imports an unlimited number of currencies and years of historical data and allows you to test them simultaneously.
We strongly recommend investing into this product and thoroughly test your strategies and systems before you go live. This investment (about $199) will save you many times that amount in losses that can be avoided or profits that could have been made.
(Click on the banner below if you want to know more - or want to buy this product)
Forex Strategy Trader
Forex Strategy Trader is a free trading platform working via Meta Trader system. It can automatically send and execute trading orders based on a predefined strategy. The visual interface allows users to create their own strategies in a few clicks without worrying about programming and coding the logic. All the components of a strategy can be easily found in the user-friendly menus and can save hours for anyone who has previously tried to create his own Expert Advisor in MT and found it overwhelmingly difficult.
Forex Strategy Trader is a free auto-trading platform working via Meta Trader system. It automatically sends and executes trading orders based on a predefined strategy. The visual interface allows users to create their own strategies in a few clicks and run them right away. All the components of a strategy are easily selected from the user-friendly menus and can save hours for anyone who has previously tried algorithm trading and found it overwhelmingly difficult. All the components of a strategy are easily selected from the user-friendly menus and can save hours for anyone who has previously tried algorithm trading and found it overwhelmingly difficult.
The usual strategy consists of technical indicators and the rules for their interpretation by the program. All the possible rules and combination are accessible through drop down menus and after the strategy is set all you need to do is connect to the Meta Trader terminal and click “Start Automatic Execution”. As long as you are online the software will follow the logic and trade automatically. Even the novice traders will find it easy to create trading strategies in minutes and those who are more advanced and know the dealings of Expert Advisor building, can save a lot of hassle and formula writing.
The software allows users to import strategies from our back tester – Forex Strategy Builder, and even download other users’ strategies from the forum or our internet site. Some of the advanced tweaks you can apply to your strategy include: setting the amount being traded as lot size or as percent of your total account; adding to, removing from or reversing a position; stop loss and take profit values; and even setting a precise time for making deals (say 10 a.m.). The possibilities are innumerable as Forex Strategy Trader has more than 100 indicators in store and tons of logical options for each of them. Moreover, advanced traders from around the world compute new indicators regularly and upload them on the site or in the forum making them available for everyone.
The software also includes a lot of demo strategies with thorough explanation aimed to provide basic knowledge and example for users before they start playing around with the indicators and start building their own systems. There is also a ton of helpful resources and tutorials on the web site and in the forum so you’ll never be left “in the dark”. The program is totally free to use so have fun with it and make your trading more profitable!
Detailed information about the downloading, the system requirements and the installation of Forex Strategy Trader can be found in the Download page.
Simple Forex Tester
The Simple Forex Tester is a software suite that hooks DIRECTLY into the most popular Forex trading platform on the planet – MetaTrader 4. It utilizes the power of your computer and the data feed from your broker to very accurately re-play the market TICK FOR TICK, allowing you to place trades just like the market was live!
Since the Simple Forex Tester has a very simple and intuitive GUI designed to look and feel just like MetaTrader 4 – there is no learning curve to get started! It looks and feels as if you were using a real account, except you have the ability to control time with pause, rewind, and fast-forward features. You can test any symbol/pair your MT 4 broker supports and trade in history, just like it was live!
The Simple Forex Tester allows you full order placement capability including Buy/Sell orders, and pending orders such as Buy Stop, Sell Stop, Buy Limit, and Sell Limit. You can modify any order placed in real time, and use ANY MT 4 indicator in your practice sessions!
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